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Home loan & discharged bankruptcy I could cry !!

My partner file for bankruptcy about 8 years ago and I all but forgot about it. I could truely cry I was filling out the home loan application form then there it is "have your ever need declared bankrupt? ". My question is will we ever get a home loan with 4 kids and discharged bankruptcy I am beginning to think it is going to be very very hard ? Any advice or expirence I would love to hear thanks in Advance

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Answers (6)

Get a copy if your credit file ASAP. Find out the exact date you applied for bankruptcy. After 7 years you can apply again.
Good luck.

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 Get on the Dunn and Bradstreet website and you can get your credit report for free
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 Hi thank you for your response I have a copy of our credit report it is no longer listed as it has been more than 7 years
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My husband declared bankrupt 4 years ago. I called the bank and they said it will influence the decision but if we show real savings over a longer period and have a higher deposit that it will not be a problem. We are starting to save over 2 years to show we are reliable. He lost his job in gfc so it was no fault of his own.

 Thank you for your response
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I'm going back many years here, but my step father had just declared himself bankrupt not long before he met my mother. 7 years after that, they bought a house together. As previously said, he spent those years building up a credit rating again, but it's definitely doable.

Unfortunately for my step father, a couple of years after he split from. Y mum, he declared himself bankrupt again. He was absolutely hopeless with money.

 Thank you for your response
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See a broker, they work mortgage magic. Or spend 12-18 mos boosting your credit. There are online classes and seminars.

 Thank you for your response I have just been in contact with a broker fingers crossed
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I was told that once you are discharged from your bankruptcy if you show good savings history for the next 12 months you should be okay with most major lenders. A broker is your best bet. Good luck.

 Thank you for your response
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